1 month ago

Red Sea, Hormuz disruptions threaten India's rice exports

Red Sea, Hormuz disruptions threaten India's rice exports
Rice exports may be hit by Red Sea, Strait of Hormuz disruptions · financialexpress.com

India is a big exporter of rice, especially basmati rice, to countries like Saudi Arabia, Iran, and the European Union.

Recently, there have been problems in the Red Sea and the Strait of Hormuz, which are important routes for shipping.

This has made it harder and more expensive to send rice to other countries.

Some rice is stuck at ports in India because of these issues.

Even though there are problems, India's rice exports have been growing, and it remains the largest rice exporter in the world.

However, the high costs and delays might make Indian rice more expensive for buyers in the Middle East and Europe.

Key facts

Key Routes Affected
Bab al-Mandab Strait, Strait of Hormuz
Major Destinations
Saudi Arabia, Iran, European Union
Stranded Cargo
0.5 million tonne
Annual Rice Exports to Saudi Arabia
1.2 million tonne
Annual Rice Exports to Iran
0.8 million tonne
Global Rice Trade Share
45%
FY26 Rice Export Value
$11.53 billion
FY27 Q1 Rice Export Value
$3.03 billion

Quotes

Ranjit Singh Jossan

Vice president of Basmati Rice Millers and Exporters Association

“"Unless normal shipping routes are restored soon, the disruption could severely impact India’s basmati rice exports, global supply chains, and overall trade especially in the Middle east."”
financialexpress.com

Sources

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